Blog Archives

Top 10 Price Increase!

Phoenix-Mesa-Scottsdale area’s 3.7% increase in the price of single-family homes in March was the 8th largest in the last 12 months in the U.S. according to CoreLogic.

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A Glass Half Full – The March Housing Numbers.

Resale home closings in the Phoenix metro area for March were up about 40% over February. But March’s housing supply was still well below normal. Total supply was 11.5% lower than March last year, and supply wasn’t that great in March, 2014.  But there is good news.  Inventory has fallen 15.5% year over year, which […]

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3 Reasons to Buy a Home Now.

The Price is Right. Although median prices have risen, most of the increase is at the low end, with moderate additions in prices higher than $400,000. And most price ranges are a good value historically.  It’s Cheaper to Buy than Rent. Rents have increased significantly in the Phoenix metro area and are predicted to continue to […]

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Go To the SimplySOLD Library and Learn About International Buyers

As a Certified International Property Specialist, I have learned a lot about doing business with foreign buyers of Arizona real estate. To increase my knowledge of the Canadian consumer, this summer I became a member of the Canadian Snowbird Association (“CSA”). CSA is a nonprofit advocacy group which represents the interests of Canadians traveling to […]

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Is Your Agent Disloyal? (Part 1)

How would you like it if you were in a lawsuit, and your attorney at trial, after arguing on your behalf, got up and moved over to the other side’s table, and then started arguing the case against you? You wouldn’t. Would you choose that over representation of you alone? Of course not. But in […]

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The Newest Phoenix Area Facts and Figures

The latest market analysis (for May 2011) was released by our local Multiple Listing Service. The good news is that sales are up over last year, with about 9,000 homes sold for three months in a row. This is due to the record affordability of housing in the metropolitan Phoenix area. Another good sign is […]

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Foreign Ownership in U.S. Skyrockets!

The numbers are in, and non-U.S. citizens continue to pour money into real property purchases. According to the National Association of Realtors®, international purchases of residential property are up by $16 billion over the equivalent period in 2009-2010. This is according to the NAR’s 2011 Profile of International Home Buying Activity. According to the report, […]

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Buying Cheaper than Renting

Late last year, Fletcher Wilcox, a well-respected real estate analyst with Grand Canyon Title, prepared a report entitled “Should you Rent or Buy a Single Family Home.” It analyzed whether it was cheaper to pay rent or pay a mortgage on a single family home. Based on the average rental rate and average purchase price […]

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Buy a Home in Tucson or Rocky Point

For the first time, we now have access to homes listed for sale in Tucson and Puerto Penasco (Rocky Point), Mexico. This means that SimplySOLD can now offer his expanded and elevated level of service to our local, Canadian and international clients, and can find your second or vacation home outside of Maricopa County! The […]

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U.S. Real Estate Deals Just Got Better

Once again the value of the Canadian dollar has skyrocketed. On February 28 it rose to almost 1.03 dollars U.S. This means Canadians will get more for their money when buying real estate in the U.S. The Canadian Press (www.thecanadianpress.com) reported that the closing value of 102.94 Canadian cents to the U.S. dollar is a […]

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New Requirements for Landlords

Do you rent out real estate in Arizona? Are you a landlord with tenants in a former or second home in the Phoenix metropolitan area? If so, the government has imposed a new, controversial and burdensome tax requirement that will increase your record keeping duties next year. Starting in 2011, the new rule requires that […]

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Home Prices in the Valley of the Sun

The numbers are in, and everybody wants to know – what is the latest on metropolitan Phoenix area real estate? Before I give you that, I have to tell you about my vacation. Like many Arizonans, I went to San Diego last month. But unlike normal people who spend their vacation on the beach, I […]

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Are we in for a Hockey Stick Recovery?

Everybody who knows me know how much I love hockey. I’m a Canadian so it is a genetic issue, I still play twice a week, and I watch every game I can on the NHL Center Ice channels. But I never thought you could analogize my favorite sport to real estate. But according to our […]

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Will Foreign Buyers Save Us?

Long before our latest market struggles, there has been a history of foreign buyers for U.S. residential and commercial real estate. But figures from the 12-month period ending the first half of last year show that nationally, international investors bought 10 percent fewer homes and condos compared to that same period the year before. It […]

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Is the Phoenix Area the Most Popular?

Acording to RisMedia (the self-proclaimed leader in real estate information systems), the Phoenix area is the nation’s most popular city for home hunters in 2009. The figures come from ZipRealty, a national brokerage firm, as reported in an article you can read at www.rismedia.com. Zip Realty produces a Home Hunter Report, which measures the volume […]

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